Extreme Networks, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
January 31, 2024 at 07:05 am EST
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Extreme Networks, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported revenue was USD 296.38 million compared to USD 318.35 million a year ago. Net income was USD 3.99 million compared to USD 17.93 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.13 a year ago.
For the six months, revenue was USD 649.51 million compared to USD 616.04 million a year ago. Net income was USD 32.66 million compared to USD 30.52 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.25 compared to USD 0.23 a year ago.
Extreme Networks, Inc. is a provider of cloud networking solutions and industry services and support. The Company designs, develops, and manufactures wired, wireless, and software-defined area-network (SD- WAN) infrastructure equipment. The Company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. Its products and services categories include Cloud Networking Platform, Automation, Analytics, and Security Applications, Wireless LAN AP, Wired for Edge, Campus, and Data Center, SD-WAN, Cloud Native Platforms and Applications for Service Providers and Customer Service and Support. It offers its services in business, hospitality, retail, transportation and logistics, education, government, healthcare, manufacturing, and service providers. Its cloud networking technologies provide flexibility and scalability in deployment, management, and licensing of networks globally.
EXTREME NETWORKS, INC. 
